Price is at channel top, a short here @ 84.45 with stoploss @ 84.70, and targets of 83.80 and 83.20 is a very good risk to reward trade. Furthermore, price is also at strong horizontal resistance level where we can see rejection a couple of times before.
Trade active
Comment:
50+ pips profit! You can reduce your size of your position and continue holding, shift SL to breakeven as always :)
Comment:
83.80 hit! +65 pips :) Hold onto a small position for 2nd target
Trade closed: target reached:
And we've blast past the 2nd target! That's 125 pips for you!
Comment:
Look for a pullback to reenter and target areas shown
Trade active:
We can see price reached a low of 82.60 and went back up to 83.20, sell limit at 82.20 has been triggered with targets as shown
Trade closed: target reached:
81.20 achieved!